| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net revenues (note 10) | ||||||||||
337,145 | 346,013 | 329,421 | 189,819 | 171,686 | 146,508 | 129,934 | 114,726 | 97,064 | 84,578 | 80,939 |
Cost of revenues (note 10) | ||||||||||
Cost of revenues | ||||||||||
217,579 | 232,103 | 230,600 | 120,187 | 112,980 | 101,861 | 92,960 | 82,837 | 68,088 | 58,494 | 53,187 |
Network expenses | ||||||||||
9,190 | 9,846 | 9,324 | 5,210 | 5,464 | 4,554 | 4,835 | 4,925 | 4,837 | 4,648 | 4,748 |
Depreciation of property and equipment | ||||||||||
8,475 | 5,298 | 3,142 | 1,320 | 1,144 | 699 | 627 | 611 | 750 | 1,032 | 1,673 |
Amortization of intangible assets | ||||||||||
1,124 | 1,996 | 1,834 | 48 | 38 | 0 | 83 | 143 | 85 | 299 | 116 |
Total cost of revenues | ||||||||||
236,368 | 249,243 | 244,900 | 126,765 | 119,628 | 107,115 | 98,508 | 88,517 | 73,762 | 64,475 | 59,726 |
Gross profit | ||||||||||
100,777 | 96,770 | 84,521 | 63,054 | 52,057 | 39,393 | 31,426 | 26,209 | 23,302 | 20,103 | 21,213 |
Expenses: | ||||||||||
Sales and marketing | ||||||||||
34,270 | 33,063 | 29,423 | 20,755 | 17,394 | 14,235 | 12,141 | 8,701 | 7,442 | 7,217 | 5,812 |
Technical operations and development | ||||||||||
9,717 | 8,748 | 7,258 | 4,495 | 4,502 | 4,305 | 4,158 | 4,302 | 4,868 | 4,577 | 4,550 |
General and administrative | ||||||||||
17,880 | 17,710 | 13,594 | 11,405 | 10,661 | 9,459 | 7,523 | 6,610 | 6,096 | 5,123 | 4,537 |
Depreciation of property and equipment | ||||||||||
486 | 424 | 585 | 504 | 259 | 226 | 215 | 190 | 187 | 170 | 266 |
Loss on disposal of property and equipment | ||||||||||
-73 | - | - | - | - | - | - | -118 | -42 | - | -40 |
Amortization of intangible assets (note 6) | ||||||||||
9,209 | 7,247 | 6,566 | 905 | 224 | 596 | 876 | 876 | 1,004 | 1,442 | 1,442 |
Impairment of indefinite life intangible assets (note 5) | ||||||||||
- | - | 111 | 43 | 206 | 577 | - | 0 | - | - | - |
Loss (gain) on currency forward contracts (note 5) | ||||||||||
198 | -254 | 98 | 99 | -792 | -357 | -357 | 682 | -535 | 872 | 3,158 |
Total expenses | ||||||||||
71,437 | 67,446 | 57,439 | 38,007 | 34,041 | 29,758 | 25,272 | 20,117 | 20,176 | 17,659 | 13,491 |
Income from operations | ||||||||||
29,340 | 29,324 | 27,082 | 25,047 | 18,016 | 9,635 | 6,154 | 6,091 | 3,126 | 2,443 | 7,721 |
Other income (expenses): | ||||||||||
Interest expense, net | ||||||||||
-4,769 | -3,687 | -3,567 | -450 | -159 | -206 | -354 | -192 | -50 | -116 | -225 |
Other income, net | ||||||||||
- | 518 | 560 | 516 | 85 | 0 | - | 529 | 374 | - | 4,493 |
Total other income (expenses) | ||||||||||
-4,769 | -3,169 | -3,007 | 66 | -73 | -206 | -354 | 336 | 324 | -116 | 4,268 |
Income before provision for income taxes | ||||||||||
24,571 | 26,155 | 24,075 | 25,113 | 17,942 | 9,428 | 5,799 | 6,428 | 3,450 | 2,327 | 11,989 |
Provision for income taxes (note 8) | ||||||||||
9,173 | 9,020 | 1,748 | 9,046 | 6,569 | 3,054 | 1,619 | 2,004 | -2,719 | 210 | -251 |
Net income before redeemable non-controlling interest | ||||||||||
15,398 | 17,135 | 22,327 | 16,067 | 11,373 | 6,374 | 4,180 | - | - | - | - |
Redeemable non-controlling interest | ||||||||||
- | 26 | 387 | 871 | 284 | 0 | - | - | - | - | - |
Net income attributable to redeemable non-controlling interest | ||||||||||
- | 26 | 387 | 871 | 284 | 0 | - | - | - | - | - |
Net income for the period | ||||||||||
15,398 | 17,135 | 22,327 | 16,067 | 11,373 | 6,374 | 4,180 | 4,424 | 6,170 | 2,116 | 12,241 |
Other comprehensive income, net of tax | ||||||||||
Unrealized income (loss) on hedging activities (note 5) | ||||||||||
1,101 | -1,022 | 550 | 568 | -2,031 | -1,004 | -470 | 44 | - | - | - |
Net amount reclassified to earnings (note 5) | ||||||||||
-182 | -212 | 650 | -641 | -1,544 | -626 | -181 | - | - | - | - |
Other comprehensive income (loss) net of tax (expense) recovery of $366 and ($194) for the periods ended March 31, 2020 and March 31, 2019, respectively (note 5) | ||||||||||
1,283 | -810 | -100 | 1,209 | -487 | -377 | -289 | 44 | - | - | - |
Comprehensive income, net of tax for the period | ||||||||||
16,681 | 16,325 | 22,227 | 17,276 | 10,886 | 5,996 | 3,891 | 4,468 | 6,170 | 2,116 | - |
Basic earnings per common share (note 9) (in dollars per share) | ||||||||||
1.45 | 1.62 | 2.12 | 1.53 | 1.04 | 0.57 | 0.40 | 0.39 | 0.46 | 0.04 | 0.18 |
Shares used in computing basic earnings per common share (note 9) (in shares) | ||||||||||
10,623 | 10,604 | 10,537 | 10,524 | 10,968 | 11,220 | 10,468 | 11,458 | 13,363 | 57,982 | 69,145 |
Diluted earnings per common share (note 9) (in dollars per share) | ||||||||||
1.43 | 1.59 | 2.07 | 1.50 | 1.00 | 0.54 | 0.37 | 0.36 | 0.44 | 0.04 | 0.17 |
Shares used in computing diluted earnings per common share (note 9) (in shares) | ||||||||||
10,772 | 10,794 | 10,793 | 10,713 | 11,360 | 11,730 | 11,281 | 12,283 | 13,937 | 59,955 | 70,356 |